TILT LAB INC (EIN 843598714) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

MITCHEL BLOOMQUIST

Phone

3198956911

Tax Period

2024-01-01 to 2024-12-31

TILT LAB INC, founded in 2019, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $35K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $33K left a modest 4% surplus.

Mission

ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF CULTIVATING EMERGING TECHNOLOGIES AND IDEAS WITH A PROMISING APPLICABILITY FOR TILT-UP CONCRETE CONSTRUCTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,329

Program Service Revenue $0

Investment Income $19,354

Other Revenue $0

TOTAL REVENUE $34,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,374

Other Expenses $33,374

TOTAL EXPENSES $33,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,683	$136,631	-0.7%
Expenses	$33,374	$21,506	+0.6%
Net Income	$1,309	$115,125	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCHEL BLOOMQUIST	Executive Direc	1.00	Officer Director	$0	$0	$0
JEFFREY BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREW MCPHERSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLAY FISCHER	Treasurer	1.00	Officer Director	$0	$0	$0
DAVID TOMASULA	Secretary	1.00	Officer Director	$0	$0	$0
TIMOTHY MAYS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$34,683	$33,374	$605,278	$1,309
2023	$136,631	$21,506	$566,444	$115,125

TILT LAB INC